gross income from mining
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 371 U.S. 537 - Riddell v. Monolith Portland Cement Co. · 1963Most cited · 108 citing opinions
the statutory percentage depletion allowance on the gross income of an integrated mining operator should be cut off at the point where the mineral first became suitable for industrial use or consumption; the cut-off point where 'gross income from mining' stopped has been the same ever since the first depletion statute, namely, 'where the ordinary miner shipped the product of his mine